Latest / Simply Bitcoin / Dave Smith Breaking Bitcoin Echo Chamber on Joe Rogan | EP 875

Transcript

Dave Smith Breaking Bitcoin Echo Chamber on Joe Rogan | EP 875 · Simply Bitcoin

• 0:14
  It's all going to zero against Bitcoin.
• 0:18
  It's going up forever. You're against Bitcoin.
• 0:28
  You're against freedom. Good morning everybody.
• 0:32
  Welcome to Simply Bitcoin. We got an awesome show for you
• 0:35
  guys and very interesting, interesting stuff that's
• 0:38
  happening over the weekend. First and foremost, as you can
• 0:41
  tell from the title, the Bitcoin signal is spreading to other
• 0:45
  circles outside of Bitcoin Twitter and you just love to see
• 0:48
  it. I was having a good conversation
• 0:50
  with our guest today about how it's so important to break out
• 0:54
  of just the Bitcoin echo chamber.
• 0:56
  And we saw on Joe Rogan, Dave Smith, a stand up comedian,
• 1:01
  podcaster, libertarian commentator, and a reoccurring
• 1:05
  guest on Joe Rogan. And he goes on and says what
• 1:09
  Bitcoiners have been saying since forever.
• 1:12
  Modern banking is a House of Cards.
• 1:15
  She breaks down the Federal Reserve scam, in my opinion,
• 1:18
  humble opinion, and actually you know, we'll update on what he's
• 1:23
  saying and and bring you up to speed on exactly how nefarious
• 1:27
  the modern baking is in the current moment.
• 1:29
  But the reason I wanted to talk about this today is because it's
• 1:33
  this is a reoccurring theme that we have here on simply Bitcoin,
• 1:35
  exposing a whole new audience to the problem.
• 1:39
  And yet still, people just can't seem to find the solution, which
• 1:43
  of course is simply Bitcoin. And it's just interesting that
• 1:46
  you can get so close and yet not have a solution.
• 1:50
  You you can know what the problem is.
• 1:52
  And yet so few people are talking about the solution which
• 1:56
  is of course having more people download Bitcoin wallets, have
• 1:59
  more people saving in Bitcoin and then of course continue to
• 2:03
  plant the seeds of freedom and like minded individuals.
• 2:08
  And then on that note guys, we also we would have covered this
• 2:11
  on Friday if we didn't take a break off.
• 2:12
  Hope you guys had a great holiday weekend at least in
• 2:15
  America. And on Friday we saw that Waldo
• 2:18
  Satoshi announced they are pulling out of the US due to
• 2:21
  regulatory pressures. But also we saw that node lists
• 2:26
  in Canada had to shut down as well.
• 2:28
  So wallets and nodes being attacked because of regulation
• 2:32
  and if you are not aware that we are definitely in the then they
• 2:36
  fight you stage. Well I guess now's the time when
• 2:40
  you realize that we are over the target and the powers that be do
• 2:45
  not want you to custody your Bitcoin.
• 2:46
  They don't want you to run nodes because the more people run
• 2:49
  nodes, the more people saving Bitcoin, the more their scam is
• 2:53
  exposed in real time and you just love to see it.
• 2:56
  Guys, it just goes to show we are winning here.
• 2:58
  As Bitcoiners, we are above the target.
• 3:00
  We have the signal and now it's upon us as individuals to
• 3:03
  continue to spread that signal, make sure more people wake up,
• 3:06
  make sure we are spreading this outside of just people that
• 3:09
  think like us on Twitter. Guys, you know, it's awesome
• 3:12
  being on Bitcoin Twitter, It's awesome being a part of the
• 3:14
  quote UN quote community over there.
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  But the goal is to get more people out of the great
• 3:19
  leviathan, out of the Fiat matrix so that they can live a
• 3:23
  better life, live a good life. And as we like to say, you know,
• 3:26
  as Bitcoin is slavery and if you're not on Bitcoin, you're
• 3:29
  not on the side of freedom, well, you might find yourself in
• 3:32
  a position you do not want to be in anyways.
• 3:34
  Guys, welcome to simply Bitcoin. We are your number one source
• 3:37
  for the peaceful Bitcoin revolution.
• 3:38
  We cover breaking news, culture and nomadic warfare.
• 3:41
  We bring on bit corners from all around the world, from the
• 3:43
  biggest names to the everyday bit corner.
• 3:45
  We got them all and we will be your guide through the
• 3:47
  separation of money and state. And we are definitely in the
• 3:51
  separation of money and state. Anyways, I want to bring in our
• 3:53
  guest today, Brett Morrison, who just released an awesome app out
• 3:58
  here. I know it might be a little
• 3:59
  contentious in our chat because they they are actively against
• 4:03
  voting, but maybe this would make them want to vote anyways.
• 4:06
  Brett, what am I talking about? What did you just drop this
• 4:09
  week? Yeah, Hi there.
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  Thanks. I just dropped a working demo of
• 4:13
  True Vote. So True Vote is an open source
• 4:17
  voting system where we can vote on our phones.
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  So we need to do that. Democracy is.
• 4:23
  Broken and a lot of our audience knows that and they don't want
• 4:27
  to vote. But until we replace it, we
• 4:29
  might as well have elections that that are accurate in the in
• 4:33
  the count. So you know, solving democracy
• 4:36
  is a bigger problem that Truva's not trying to do.
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  We are trying to solve election integrity.
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  So the way we've built that is open source and we're using open
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  time stamps and we're actually using Noster for authentication
• 4:50
  now too, so. You'll be able to sign in and I
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  and and all this is in the working demo that was published
• 4:56
  last week. A user can sign in, generate an
• 4:58
  Oster key if they don't have one, and then get an election
• 5:01
  code from their registrar. So whether it's I'm in, you
• 5:04
  know, Los Angeles or California, and you get a voting code, you
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  enter it in and you can just vote on your phone, waiting on
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  line, dealing with the mail in ballot, not knowing where your
• 5:15
  ballot has gone. Those problems should not exist,
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  but they do today. And nobody is addressing that.
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  I mean, how long, how long before we have mobile voting?
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  Truvo wants to do it now, so there's no reason to wait at
• 5:29
  this point. So yeah, we're actively building
• 5:33
  it. We'll have a launch product
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  early in 2024 and you'll be able to create an election and have
• 5:40
  people start voting in it. And I'll start small.
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  We'll do local associations, private elections and then
• 5:47
  local, then county, city, state and eventually national.
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  So that's the plan. And also international.
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  So True Vote is being designed multilingual, right out of the
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  gate. It's not just about the United
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  States. There's democracies all over the
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  world that need a voting system and there's corruption
• 6:04
  throughout. And that really isn't
• 6:06
  acceptable. It it's ridiculous that we don't
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  have this already. So someone just needed to build
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  it. So that's why, you know, I wrote
• 6:14
  the white paper two years ago and have been working on it and
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  I'm happy to publish that demo last week and and show hey, this
• 6:21
  is how it's going to work and you just sign in and and start
• 6:24
  voting, submit your ballot. You can see your ballot on a
• 6:26
  ballot explorer. You can see a hash that was
• 6:29
  validated against the Bitcoin blockchain using open time
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  stamps. So it solves 2 fundamental
• 6:36
  problems today. When you vote, you don't know
• 6:38
  what happened to your ballot. You don't know if it was
• 6:40
  counted. You think it was counted, but
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  you really, really don't know. With True Vote, you'll be able
• 6:45
  to confirm that your ballot was counted and also convenience.
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  A lot of people don't want to vote because they don't want to
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  deal with the mail in ballot. They don't want to wait on line.
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  So this solves both those problems.
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  Super excited about it. Well, absolutely love it.
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  I do have the live demo that you posted over here, so we can play
• 7:00
  that as well so people can get a.
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  Get a view of what's going on. A little bit over a minute long,
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  if you want. Yeah, that's fine.
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  That's fine. I got it.
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  I got it. And I do have your white paper
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  and everything. So we'll get all into that in
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  the culture. But before I move on, guys, I'm
• 7:12
  not alone. We have brought back Sophie.
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  Sophie, how are you doing today? Good to have you back.
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  Thank you so much for having me guys.
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  I hope you guys had an amazing Thanksgiving weekend.
• 7:22
  We've all rested up and we're ready to catch up on some news,
• 7:27
  so let's get it. Yeah, not not enough rest, but
• 7:30
  almost enough rest. All right, guys, let's get into
• 7:34
  the show. The Bitcoin numbers.
• 7:38
  Is your Bitcoin in cold storage really secure?
• 7:41
  Is your seed phrase really secure?
• 7:44
  Stamp seeds? Do it yourself.
• 7:46
  Kit has everything you need to hammer your seed words into
• 7:49
  commercial grade titanium plates instead of just writing them on
• 7:54
  paper. Don't store your generational
• 7:56
  wealth on paper. Papers prone to water damage.
• 8:00
  Fire damage. You want to put your
• 8:02
  generational wealth on one of the strongest metals on planet
• 8:05
  earth, Titanium. Your words are actually stamped
• 8:08
  into this metal plate with this hammer and these letter stamps.
• 8:11
  And once your words are in, they aren't going anywhere.
• 8:14
  No risk of the plate breaking apart and pieces falling
• 8:17
  everywhere. Titanium stamp seeds will
• 8:20
  survive nearly triple the heat produced by a house fire.
• 8:23
  They're also crush proof, waterproof, non corrosive, and
• 8:26
  time proof. All things that paper is.
• 8:28
  Not allowing you to huddle your Bitcoin with Peace of Mind for
• 8:32
  the long haul. Stamp your seed on stamp seed.
• 8:35
  All right, guys. Sorry I'm distracted.
• 8:39
  You guys are killing me in the chat.
• 8:42
  You guys are killing me. All right, all right.
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  You already know I'm over here on Clark Moody's dashboard
• 8:46
  giving you guys the Bitcoin numbers.
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  Of course my favorite number first and foremost is the block
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  height. Tick tock next block.
• 8:51
  It's almost like Bitcoin works. We are currently at a block
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  height of 818,728. The current Bitcoin price is
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  $37,100, which means the Moscow time, AKA how much Bitcoin you
• 9:03
  can buy for a single dollar AKA the stats per dollar is at 2695.
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  The total percentage of Bitcoin that will ever be issued is at
• 9:13
  93.11%, The market cap in Fiat term to $725.5 billion.
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  The realized monetary inflation. Taking Fiat currencies of
• 9:22
  schools at 1.75%. The big climbers gold market cap
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  at 5.39%. You guys can see it's slowly
• 9:28
  inching up. Slowly but surely it is getting
• 9:30
  closer and closer and the total lightning public capacity is
• 9:34
  5359.32 BTC. The hash rate the last 90 days
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  guys, have you been watching the hash rate?
• 9:40
  It's been going absolutely parabolic.
• 9:42
  Things are getting crazy over there.
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  The last 90 days is at 438.6. EXA hashes the pending fees in
• 9:49
  the mempool, at least according to the one that Clark Moody is
• 9:51
  reading right now is at 19.08 BTC.
• 9:54
  See, I think the ordinals guys are having a lot of fun over
• 9:57
  there. You know, tap tap, root wizard,
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  making Bitcoin fun again, clogging up the man pools for
• 10:01
  all of us. And it was a totally other
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  discussion. The block still happening,
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  probably the most important number besides the block height
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  right now is 21,271 blocks until the halving.
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  And as of now it's estimated April 19th, 2024.
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  All right guys, so I want to get into this.
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  As we always tell you guys on the show, what we really want to
• 10:24
  do here on Simply Bitcoin is do our best to break out of the
• 10:28
  Bitcoin echo chamber to, for lack of better terms, maybe
• 10:32
  steal views away from the shit coin channels.
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  Because once they get the true Bitcoin signal, it's very, very
• 10:38
  hard to go back into the shit coin.
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  Casinos go back into the Fiat dollar.
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  Once you understand the scam of the Fiat dollar of the financial
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  system. And it's just so interesting
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  that so many people know what the problem is.
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  They they can talk so eloquently about the problem, but very few
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  people are even talking about the solutions.
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  And we have another example of this shouts out the comic Dave
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  Smith. He is absolutely hilarious.
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  Of course he is a podcaster. He's a libertarian.
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  He goes on Joe Rogan constantly. And here he is talking about the
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  very problem that we always talk about as bit corners that we've
• 11:16
  been talking about forever. The scam that is the central
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  banks that is modern banking in general.
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  And he hits the nail on the head.
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  And as our boy Mike Hobart put uh oh, Dave Smith and Joe Rogan
• 11:28
  are drifting closer and closer to an orange pill.
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  They are this close. They are this close to being
• 11:34
  bitcoiners. I know Joe Rogan holds some.
• 11:36
  I'm pretty sure Dave Smith has to have hold some Bitcoin.
• 11:40
  Ruston was telling me that Guy Swan's been on his podcast a few
• 11:43
  times. So it's just super interesting
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  that they can understand the problem and yet they just never
• 11:50
  connect the dots maybe and connect it to Bitcoin.
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  And also, you know, giving them the benefit of the doubt, I say
• 11:56
  it all the time on the show. Maybe it is not their jobs to
• 11:59
  necessarily be Bitcoin only and to always talk about Bitcoin.
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  That's what we do. But it would be nice if they
• 12:06
  would hint at least at the solution.
• 12:09
  They know what the problem is. And I say it all the time guys,
• 12:11
  We know what the problem is. It is fractional reserve
• 12:15
  banking. It is the fact that they can
• 12:17
  debase their currency. It is inflation.
• 12:19
  We say we say this all the time on the show and so many people
• 12:22
  understand the problems, but very few people know what the
• 12:25
  solution is. Anyways, let's listen to this
• 12:28
  video guys, and we'll chat about it.
• 12:30
  The whole system of what? Fractional reserve banking is
• 12:34
  really kind of this fascinating. Like thing 'cause everybody
• 12:39
  still kind of has in their mind that if you, you kind of have in
• 12:43
  your mind that the money in your bank account is your money and
• 12:47
  that you're holding it, that they're holding it for you.
• 12:50
  But that's not right. That's not what's going on.
• 12:52
  And if you ever actually read, like the contract that you sign
• 12:56
  when you open a checking account, that's not what it is.
• 13:00
  It's more like you're loaning money to the bank and they owe
• 13:04
  that money to you, but they don't have to give it to you.
• 13:07
  They you could, legally speaking, you could walk in
• 13:10
  tomorrow to a bank. I mean, no one actually walks up
• 13:13
  to a teller anymore. It's a Wonderful Life isn't a
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  Christmas movie. It's a banking movie.
• 13:17
  Oh yeah, yeah, yeah, yeah. So that is the scene.
• 13:19
  I was right about that. OK.
• 13:22
  But so you, you could walk into the bank tomorrow and you're
• 13:24
  checking, you know, account balances, whatever.
• 13:27
  Say it's $5000 and you could go. I'd like to take out $2000 and
• 13:30
  they can say no, you can't have it now, they owe it to you.
• 13:35
  Technically, but they don't have to give it to you.
• 13:37
  They're not just holding it for you to give to you on demand.
• 13:40
  Now the system hasn't collapsed, so they will give that to you
• 13:42
  today if you walk into a bank, but with too many people come in
• 13:46
  and they want too much. Money.
• 13:47
  Well, they don't have it. Is the point.
• 13:49
  So when you open a bank account, and I don't know exactly what
• 13:51
  the reserve rates are now 'cause I know they did change this
• 13:54
  during COVID, but for a while it was 10%.
• 13:57
  Was the what the Federal Reserve set as the reserves that you had
• 14:00
  to put away? So when you come in to your bank
• 14:03
  and you give them $100 to open a checking account, just to make
• 14:06
  it an easy number, they they hold $10 and they loan out
• 14:12
  $90.00. And now, so they'll they'll loan
• 14:15
  that money out and so essentially they owe you $100.
• 14:18
  But the the effect of this, right, is that now there's this,
• 14:21
  this guy. So let's say you open the
• 14:23
  account with $100. Now there's another guy who
• 14:27
  takes out a loan for $90.00 and you're now in the economy and
• 14:31
  kind of like you think you have $100 and he thinks he has
• 14:34
  $90.00. But really, there's only there's
• 14:37
  not $190.00, there's only $100. You you get what I'm saying.
• 14:42
  But now here's where it gets even crazier than that.
• 14:44
  This guy doesn't just hold his $90.00.
• 14:49
  He goes and puts it in the bank. And so the bank holds 10% of
• 14:54
  that money and then loans out 90% of that to somebody else.
• 14:58
  Who then puts that money in the bank?
• 15:00
  And then they take 10% of so when you actually look at the
• 15:02
  effect of it? There's like not nearly as much
• 15:06
  money in the bank as we all think we have in the world.
• 15:09
  So essentially, if everybody came into the bank, or even just
• 15:13
  too many people came into the bank and said we'd like to
• 15:16
  withdraw our money, there's nowhere near enough money for
• 15:19
  them to give you. So inherently, the whole thing
• 15:21
  is kind of a House of Cards. It's like when you're going to a
• 15:24
  stadium and try to use your cell phone, you realize there's no
• 15:26
  signal. Even though you have 5 bars,
• 15:28
  because everyone's using their phone, so there's no signal for
• 15:32
  you, you can't get online, You can't make a phone call.
• 15:35
  Right. Like this thing only works if
• 15:37
  we're not all trying to do it at the same time.
• 15:39
  But if we do, then we're in a lot of trouble.
• 15:42
  Amazing. Absolutely amazing.
• 15:44
  You you can see in real time that they're like, wait, is this
• 15:49
  really how the modern banking system works?
• 15:51
  And and to clarify, as far as I know Dave Smith is correct that
• 15:58
  during 2020 they dropped the requirements to zero and I
• 16:02
  haven't seen any fix on that. So I am pretty sure there is no
• 16:05
  reserve requirements from banks. They can literally lend out 100%
• 16:09
  of their quote UN quote reserves there.
• 16:11
  And to make it even crazier, it doesn't just stop with the next
• 16:16
  guy, this literally just keeps going down until Infinity until
• 16:19
  there is what, $1.00 in the bank?
• 16:22
  Or rather like $0.10 left in the bank.
• 16:25
  And it just goes to show you that modern banking is the real
• 16:29
  Ponzi here. And I know they constantly roll
• 16:31
  out these excuses and these gas lights to say that bitcoins the
• 16:35
  Ponzi and we got to protect the retail customer.
• 16:39
  But in reality that's why Bitcoin was created in the 1st
• 16:43
  place, to protect us from the banking mechanisms.
• 16:45
  That is the status quo and it really goes to show that what we
• 16:49
  say here on Simply Bitcoin constantly is.
• 16:52
  I know, I know you guys, a lot of us in the chat are usually
• 16:56
  like, who cares about what Joe Rogan is saying?
• 16:58
  Who cares about what Dave Smith is saying?
• 17:00
  Well, to us we may not care. We may not even know who Dave
• 17:03
  Smith is. But people are listening to Joe
• 17:06
  Rogan. Joe Rogan is the biggest
• 17:07
  independent con, rather the biggest content creator in the
• 17:10
  world besides like maybe Mr. Beast or something like that.
• 17:14
  And so people listen to his podcast.
• 17:16
  People are waking up to the scam that is modern finance.
• 17:20
  And here we go, constant. The Bitcoin signal is spreading
• 17:25
  outside of the Bitcoin echo chamber.
• 17:27
  And it's it's only, you know, a matter of time until they start
• 17:32
  to at the very least talk about Bitcoin as Bitcoin.
• 17:35
  Fixing this, that Bitcoin is the solution to this.
• 17:37
  And maybe it's not Dave Smith's job, maybe it's not Joe Rogan's
• 17:40
  job to talk about Bitcoin as the solution.
• 17:43
  But man, they really hit on so many talking points that us
• 17:47
  Bitcoin is talking about. You know, banks have no none of
• 17:50
  your money in reserves. As soon as you give a bank your
• 17:52
  money, it is no longer your money.
• 17:54
  You're lending them your money so that they can go speculate on
• 17:56
  it. As we saw in 2008, there is no
• 17:59
  money left in the banks. If we all win at the same time,
• 18:02
  we'd have a bank run and there'd be no money left, exposing the
• 18:05
  scam that is modern banking. And it's just beautiful to see
• 18:08
  that the Bitcoin signal is finally getting outside of just
• 18:11
  a little small niche circle that we always talk about on the
• 18:14
  Internet. And it's only a matter of time
• 18:17
  until they figure out that, Oh my goodness, is there a solution
• 18:21
  to this? Maybe we should ask ourselves,
• 18:23
  what is money? Maybe we should ask ourselves
• 18:25
  how the banking system works. Maybe there is a solution and we
• 18:28
  don't just have to take this sitting down.
• 18:30
  And of course, we always tell you guys it is simply Bitcoin.
• 18:34
  It is our job to incentivize our friends and families to download
• 18:38
  Bitcoin wallets, to save in Bitcoin, to understand what is
• 18:40
  going on. Because if not, there's going to
• 18:44
  be a lot of pain going on once the music stops.
• 18:47
  And once people realize that it's just a trust game.
• 18:50
  Right now it's only going on because people still seem to
• 18:54
  believe there's legitimacy in the system when in reality it's
• 18:58
  what's the big short one? It's all Fugazi, it's all
• 19:00
  Fugazi. It's all fake.
• 19:01
  And this is where we are. And so few people understand
• 19:04
  this that I I just find it so important to continue to have
• 19:08
  these conversations outside of just a small niche corner of the
• 19:11
  Internet. Once more and more people wake
• 19:14
  up to what they're talking about on Joe Rogan, I think a
• 19:17
  revolution will happen overnight.
• 19:19
  Anyways, Brett, what's your thoughts on this?
• 19:22
  Yeah, what he didn't mention in that clip was the money
• 19:25
  printing, which I wish he would have gotten into a little bit
• 19:27
  because people are feeling inflation today and and every
• 19:31
  nobody is pointing to the money printing except us bitcoiners,
• 19:34
  you know, the mainstream media or any media, They don't really
• 19:37
  talk about money printing. They do a little in our echo
• 19:39
  chamber they do. But money printing is the cause
• 19:42
  of inflation that people are feeling that fractional reserve
• 19:46
  banking, sure, whether it's 90% or or 99% or 100% being able to
• 19:50
  be lent out. People won't feel that until
• 19:53
  there's an actual bank run. So, you know, even if there is a
• 19:58
  bank run of people trying to withdraw, that will obviously
• 20:01
  cause chaos as it has in other places outside the US.
• 20:05
  The inflation though is here. And I think I don't, you know, I
• 20:09
  don't know how the rest of the show went with Rogan, but I
• 20:12
  don't know if like he didn't answer the question of, OK,
• 20:15
  well, what happens when there is a bank run.
• 20:17
  And the answer is the government will bail out the bank and print
• 20:21
  more money because that's the only way they can bail out a
• 20:23
  bank is to print manufacture money and that decreases
• 20:26
  purchasing power. And these concepts are really
• 20:28
  not that complicated for any everybody to understand.
• 20:33
  It's not like you have to have a finance degree or understand,
• 20:38
  you know the the cause of all of it.
• 20:40
  You don't need to. Money printing causes your
• 20:42
  purchasing power to go down because the supply is increased
• 20:47
  and people do see that when they go to the grocery store and they
• 20:49
  feel it. So the lesson here though is get
• 20:53
  your money out of the dollar and invest in other assets and
• 20:57
  obviously you know we all on on this audience believe in Bitcoin
• 21:01
  and really it's the only it's the only you know it's well, I
• 21:06
  don't know what sailor says something about like all assets
• 21:08
  or go to Infinity. There's all sorts of, you know,
• 21:13
  good quotes that have come out of Sailor regarding, you know
• 21:16
  everything will be priced in Bitcoin at some point and and
• 21:20
  all all including real estate and everything will be subsumed
• 21:23
  into Bitcoin. You know, I bet we did have a
• 21:27
  little bit of a bank run this year you know with the some of
• 21:30
  the banks closing and they had but they were bailed out and no
• 21:32
  one really, I don't know. I don't know how many people
• 21:35
  really felt that bank run Silicon Valley bank and some of
• 21:39
  the others. I don't know if it really
• 21:41
  touched, you know, everyday people.
• 21:44
  It was just kind of in the news and then kind of out of it.
• 21:47
  But the inflation, that's where you will get people's attention.
• 21:51
  And unfortunately, when it gets even worse, they're going to
• 21:56
  blame everything except the money printing.
• 21:59
  And it's to me that's super frustrating because it's it's
• 22:01
  really lying. You're not really telling people
• 22:03
  why. And and money printing happened
• 22:06
  under the Trump administration, under the Biden administration,
• 22:09
  and it will continue to go on under the next administration
• 22:12
  because it's their only way out. It's either that or collapse.
• 22:16
  And I don't think any of us want to collapse.
• 22:18
  So yeah, the money printing will continue.
• 22:25
  Yeah, inflation will rise. The money printing will continue
• 22:28
  until morale improves, guys. But Brett, you you hit on
• 22:32
  something. That we always talk about here.
• 22:35
  And and you hit on the bank runs that happened this year.
• 22:38
  And I I also believe like no one, I don't, I don't even think
• 22:41
  even people flinched on it. They're just like, Oh yeah,
• 22:44
  whatever. Like, you know what is the other
• 22:47
  news story that we got bombarded with around that same time.
• 22:50
  And it's just that constant game of just bombarding the
• 22:52
  individual with so much noise that they don't know what signal
• 22:55
  is, and it's really absolutely incredible.
• 22:59
  That we as bitcoiners may be the only ones that are constantly on
• 23:03
  message and showing people like, look, your life's getting more
• 23:07
  expensive as much as they try to gaslight you about Turkey
• 23:10
  dinner. You know Thanksgiving dinner
• 23:12
  being cheaper than it was last year.
• 23:13
  We all understand that our gas is going up, our groceries going
• 23:17
  up, rent is getting higher, like everything is getting more
• 23:20
  expensive and and. People can only get gaslit for
• 23:23
  so long until they really feel the pain of that sticker shock.
• 23:26
  And and there was another point you kind of touched on and my
• 23:30
  buddy CJ Constantinos, we did a great rip and there's something
• 23:36
  that he said that that I think is a very powerful message and
• 23:39
  you touched on it as well. It's like very few people
• 23:41
  understand that. Maybe if they're diversifying
• 23:45
  and you know, real estate and stocks and and treasuries like
• 23:50
  this is all still in one system and only Bitcoin is true
• 23:55
  systemic diversification. You need to get something
• 23:57
  outside of the system up, maybe a parallel monetary system that
• 24:00
  they cannot inflate, that they cannot debase, and that's the
• 24:03
  only way that you're actually going to protect yourself.
• 24:06
  In this position right now, because we all know they have to
• 24:09
  keep printing money, they have to keep printing money to keep
• 24:12
  the game going and it's like musical chairs.
• 24:14
  Once the music stops, it might get very bad for a lot of
• 24:18
  people. Hence why we would love for this
• 24:20
  to be a slower progression and more people downloading Bitcoin
• 24:23
  wallets, more people saving in Bitcoin so that people can
• 24:26
  protect themselves because the powers that be don't have your
• 24:30
  best interest in mind. Their best interest is to keep
• 24:32
  the game going and print more money.
• 24:34
  Yeah. And I'll add that the reason why
• 24:37
  money printing is actually really smart for politicians to
• 24:40
  do politically because they will.
• 24:43
  They they they care about getting re elected first and
• 24:45
  foremost. So they have no incentive to not
• 24:48
  print money. It's great for them.
• 24:50
  I mean if the if if printing money helps people's stocks go
• 24:53
  up and their portfolios rise and their stimulus checks, that is
• 24:58
  good politically for them. So they have no incentives to
• 25:00
  not do it. That's the problem and I think
• 25:04
  term limits would really help that a lot.
• 25:06
  I don't, you know, we have a term limit with the presidency.
• 25:09
  I don't know why we don't have it for the Senate and the House
• 25:12
  of Representatives. I don't get why there's
• 25:14
  politicians there for 20-30. Forty years.
• 25:17
  It seems absurd to me. You know, eight years Max for
• 25:20
  any political office I think would really help, 'cause
• 25:24
  they're always running for re election.
• 25:26
  So they're pandering all the time and not really the the the
• 25:30
  United States wasn't about that. And and I would say most
• 25:32
  democracies, they're about serving the people and your
• 25:34
  constituents. It's not about being a career
• 25:37
  politician. And I know better than anybody
• 25:39
  else and nobody else can run because I'm an incumbent.
• 25:42
  That is not the way. That's not the spirit of
• 25:45
  democracy. And unfortunately the US
• 25:47
  Constitution does not have term limits for Senate and House of
• 25:51
  Representatives. But I think that's something
• 25:53
  that eventually I'd love to see an amendment.
• 25:56
  But you know, the way that works is who's going to vote on that
• 25:58
  amendment, the people in office at the time.
• 26:00
  So a lot of these things are really hard to change.
• 26:04
  You know, I don't know if we'll see in our lifetime, You know,
• 26:06
  who knows? But I think that's a real part
• 26:08
  of the problem is they're always trying to get re elected.
• 26:10
  So printing money, you know, it's temporary, it helps
• 26:15
  temporarily, but you know, down the line it just causes
• 26:18
  inflation. There's a ripple effect.
• 26:21
  Yeah, it's like trying to cure your hangover by drinking more.
• 26:24
  It might help for a little bit, but it's going to eventually
• 26:27
  catch up on you and and actually you brought up something about
• 26:30
  term limits. Over the weekend I was watching
• 26:33
  a Larry Fink interview. Yeah, I know guys throw
• 26:36
  tomatoes. I'm.
• 26:37
  I'm trying to understand what what he's thinking.
• 26:39
  Right. And there was a funny question
• 26:41
  there. The the girl that was
• 26:42
  interviewing him was like, So what Larry Fink for president.
• 26:45
  And even Larry Fink was joking. He's like, I'm too young to be.
• 26:49
  I'm too young to be president. I'm too young to be in the
• 26:51
  house. Because as we all know we are
• 26:53
  being run right now by the geriatric class.
• 26:55
  And it's absolutely incredible that this is where we are, just
• 26:58
  so out of touch with what's going on.
• 27:00
  And you know, these career politicians, it's.
• 27:03
  It's a very insidious game anyway.
• 27:05
  Sophie, what's your thoughts on everything?
• 27:07
  Well, one of the most interesting things that this
• 27:10
  money printer has brought about, not interesting but actually
• 27:13
  tragic to the game of politics is that it's made, it's made.
• 27:17
  The people have to work for the politicians.
• 27:20
  Listen, this Black Friday, they had to lie about having a sale.
• 27:24
  That's when you know that things are really bad.
• 27:27
  And so the fact that this is. A message that is finally
• 27:31
  breaking the echo chamber, be it through Joe Rogan, be it through
• 27:35
  mainstream media, when we see it being covered on CNBC sometimes,
• 27:39
  Be it through any means necessary.
• 27:42
  This is, as Corey Clipson said, the race to avoid the war.
• 27:47
  We need Bitcoin adoption because we need to avoid the catastrophe
• 27:52
  that is inevitably coming and. Unfortunately, I always say this
• 27:57
  when we're live streaming on TikTok, but I do think that
• 28:01
  sometimes it is going to take a catastrophe to make people wake
• 28:04
  up and realize that what's going on here is is very bad and it's
• 28:09
  not sustainable. What happens if there is an
• 28:12
  actual bank run? What happens if people actually
• 28:14
  do decide to all of a sudden opt out of Fiat because they're
• 28:18
  realizing that politicians and the elites have been lying to
• 28:21
  them because the mainstream has picked up?
• 28:25
  On this and it is impossible to bury this anymore, we will all
• 28:29
  be doomed and the people that have Bitcoin are going to be
• 28:32
  telling you we told you so and this is what we try to avoid.
• 28:36
  This is what we try to tell people on the show every single
• 28:39
  day. Buy Bitcoin, get it into self
• 28:42
  custody and live free another day.
• 28:44
  Because if you don't, you will get caught up in everything that
• 28:48
  these people are trying to destroy.
• 28:51
  Wow, Sophie, totally agree. But also you're you're getting
• 28:56
  good at this. You're you're sounding like, you
• 28:59
  know, Nat Brunell on CNN or something like that.
• 29:02
  We we're definitely gonna have to bring you on the show a lot
• 29:05
  more 'cause I think, I think I'm out of a job now.
• 29:07
  All right. Anyway.
• 29:08
  I'll be on tomorrow. Hey, Opti called me an
• 29:10
  influencer today and it was, it was kind of, it was kind.
• 29:14
  Of crazy, I said. You're famous.
• 29:15
  I said you're famous now. You might as well have called me
• 29:18
  an influencer. Exactly.
• 29:19
  Anyways guys. Also, we want to shout out our
• 29:23
  boys over at the Bitcoin Magazine Throwing the Bitcoin
• 29:25
  Conference. We will be taking over Nashville
• 29:28
  July 25th, 27th of 2024. Get yourself your tickets today.
• 29:33
  These are the cheapest they're going to be.
• 29:34
  We tell you this every single time.
• 29:36
  Get them now. We know you're going to FOMO
• 29:38
  into the conference and you're going to yell at us that the
• 29:40
  prices are too expensive. Well, if you use simply, you can
• 29:42
  get a discount on your tickets. We want to see you in Nashville.
• 29:46
  I can't wait to get to Nashville and take over.
• 29:49
  Anyways guys, on that note, let's get into the news because
• 29:52
  it was a pretty crazy weekend to be completely honest.
• 29:58
  The Daily News. I want to give a shout out to
• 30:02
  our sponsor, Foundation Devices. It's self custody done right?
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  more. All right, guys.
• 30:58
  So before I get into the wallet of Satoshi news and the known
• 31:03
  list story that I mentioned, I want to give you guys some
• 31:05
  context. We've been covering this for
• 31:07
  weeks rather months at this point.
• 31:09
  You know, Elizabeth Warren has proposed a bill.
• 31:12
  And she's constantly on television talking about how we
• 31:15
  must protect the retail from unhosted wallets.
• 31:18
  And here I have her proposal so you can see I am on
• 31:21
  warren.senate.gov And here is her Digital Asset Anti Money
• 31:27
  Laundering Act of 2023. And you can see that we've seen
• 31:32
  a lot of ripples since this got proposed.
• 31:34
  We saw the FIN CEN proposal as well.
• 31:37
  I have that for you right after this.
• 31:39
  But I'm just going to read the beginning of this and then of
• 31:41
  course emphasize a few things on this money anti money laundering
• 31:45
  act And then we're going to get into the wall of Satoshi news
• 31:49
  because I think it is cascading very quickly and it's something
• 31:54
  we've been saying here for a while that we are in the then
• 31:56
  they fight you stage. And you taking Bitcoin into
• 32:00
  custody is a threat to their power.
• 32:02
  Hence they will do whatever they can to stop you from doing it.
• 32:06
  To stop the average citizen from protecting themselves to find
• 32:08
  the exit or what's that the lifeboat.
• 32:11
  As Christine Lagarde said, they don't want you to take Bitcoin,
• 32:15
  Bitcoin into custody. Hence we are going to take
• 32:17
  Bitcoin into custody. This is the way so.
• 32:19
  First sentence here. The Treasury Department,
• 32:21
  Department of Justice and Federal Bureau of Investigation
• 32:24
  and other national security and law enforcement experts have
• 32:27
  warned that digital assets are increasingly being used for
• 32:29
  money laundering, ransomware attacks, theft, fraud schemes,
• 32:33
  trafficking, terrorist financing and other crimes.
• 32:36
  We covered this. We've been breaking this down
• 32:38
  that they constantly use these low hanging fruit examples of
• 32:41
  we're all money launderers, we're all financial criminals,
• 32:44
  we all support terrorists and that's all Bitcoin is good for,
• 32:46
  even though we constantly bring the receipts here.
• 32:49
  That the real criminals use cash.
• 32:51
  But let's not talk about that. Let's skirt that under the bus.
• 32:54
  We all know about the Bitcoin energy FUD and how we're boiling
• 32:58
  the oceans and so they're just constantly adding these flood
• 33:01
  lines and doing whatever they can to scare away the average
• 33:05
  person from Bitcoin. But I specifically want to touch
• 33:10
  on a few points here. You know, specifically the
• 33:13
  Digital Asset Anti Money Laundering Act would extend Bank
• 33:16
  Secret Bank Secrecy Act. Possibilities including KYC
• 33:21
  requirements to digital asset wallet providers, miners,
• 33:24
  validators and other network participants that may act to
• 33:27
  validate, secure or facilitate digital asset transactions.
• 33:31
  It would address a major gap with respect to, quote, UN
• 33:35
  quote, unhosted digital wallets, which allow individuals to
• 33:38
  bypass AML and sanctions checks by directing FinCEN to finalize
• 33:42
  and implement its December 2020 proposal rule, which will
• 33:46
  require banks and money service businesses to verify customers.
• 33:49
  Customer and counterparty identities keep records and file
• 33:52
  reports on certain transactions involving unhosted wallets are
• 33:56
  wallets hosted in non BSA compliant jurisdictions.
• 34:01
  And then we saw following last what actually last month about
• 34:05
  FinCEN proposing new regulations to enhance transparency in
• 34:08
  convertible virtual currency mixing and combat terrorist
• 34:11
  financing. So again.
• 34:14
  They don't want you to take Bitcoin into custody.
• 34:16
  They are gaslighting and framing Bitcoin mixing as criminal.
• 34:22
  They are imposing new proposals onto Fiat banks that are
• 34:27
  interacting with Bitcoin. And we saw what happened a
• 34:31
  couple weeks ago with the swan proposal.
• 34:34
  We've seen that Fencen is actively fighting against
• 34:37
  Bitcoin privacy. We've seen that Elizabeth Warren
• 34:40
  constantly rolls out these excuses that, oh, we need to
• 34:43
  protect retail from unhosted wallets.
• 34:46
  Or rather, even that these proposals in themselves don't
• 34:50
  even fundamentally understand how Bitcoin works.
• 34:52
  Saying that, oh, if a wallet uses a new address that we need
• 34:56
  to make them become or register as money.
• 34:59
  Transmitter licenses when this is literally how the software
• 35:03
  works, pretty much by default for most wallets.
• 35:06
  And what we saw happen over the weekend, Wallace Satoshi
• 35:11
  apparently is pulling out of the US because of these regulations.
• 35:15
  So here's Wallace Satoshi tweet and he goes.
• 35:18
  To our valued Wallet of Satoshi community in the United States
• 35:21
  of America, we've dedicated ourselves to providing the best
• 35:24
  Bitcoin experience with Wallet of Satoshi being at the
• 35:27
  forefront of Lightning usability and adoption.
• 35:30
  However, we've made the difficult decision to remove our
• 35:33
  app from the US, Apple and Google app stores and will not
• 35:36
  serve US customers going forward.
• 35:39
  This decision doesn't come lightly.
• 35:40
  Our commitment to providing a secure, user friendly and
• 35:43
  compliant platform globally is unwavering.
• 35:46
  Our top priority is the safety. And interest of our customers
• 35:50
  and our company. We understand this may be
• 35:52
  disappointing news and we share your frustration.
• 35:55
  We're hopeful that future development will allow us to
• 35:57
  revisit and possibly resume our operations in the US.
• 36:01
  For our existing users in the US, rest assured that you have
• 36:04
  full access to your Bitcoin funds.
• 36:05
  You can seamlessly withdraw and transfer them to another wallet.
• 36:09
  We deeply appreciate your support and understanding.
• 36:11
  We remain committed to bringing the benefits of Bitcoin to as
• 36:14
  many as possible. Stay tuned for updates and thank
• 36:17
  you for being a part. Of the community and just to
• 36:20
  clarify here we got John Carvalho and he goes to everyone
• 36:22
  in the replies asking why you should be able to figure it out
• 36:25
  while it is Satoshi needs to comply with local regulations or
• 36:28
  laws in ways that it cannot or does not want to.
• 36:33
  And this just goes to show that you know, we we say it all the
• 36:36
  time and maybe we take it lightly sometime, but this is
• 36:39
  the then they fight you stage. Of course, we know that the on
• 36:43
  and off ramps are bottlenecks. We know the choke point 2.0,
• 36:48
  it's been happening all year. We see that they do not want
• 36:51
  competition. They will stop competition at
• 36:53
  any way possible and that comes with the AML money transmitter
• 36:58
  license KYC your customers from the exchange.
• 37:01
  And now we've seen this develop where Elizabeth Warren out there
• 37:05
  wants to KYC every wallet. It's absolutely incredible, but
• 37:09
  it's really just goes to show that politicians are shooting
• 37:14
  themselves in the foot by their attempts to stop custodying your
• 37:17
  Bitcoin. They're pushing entrepreneurs
• 37:20
  offshore, literally doing exactly the opposite of what
• 37:23
  they say they want to do. They want to protect retail
• 37:26
  customers. They want to ensure that
• 37:28
  entrepreneurs come in America and they protect American
• 37:32
  customers. And as a Bitcoin entrepreneur,
• 37:34
  you're just like, yo, you guys are treating me wrong.
• 37:36
  I'm going to literally move. And we're not surprised to see
• 37:40
  Apple and Google pressure Bitcoin wallets off their
• 37:43
  stores. You know, they are a private
• 37:44
  business. We've been saying this for a
• 37:46
  while on the show that this is one of the choke points that
• 37:49
  this was going to happen. So we're not surprised this has
• 37:53
  happened. Maybe we're surprised that it's
• 37:54
  happening so quickly. But as we saw the last couple of
• 37:58
  weeks from Elizabeth Warren's Anti Money Laundering Act to the
• 38:02
  fence and proposals. They are pushing Bitcoin
• 38:06
  companies, Bitcoin entrepreneurs away from the US.
• 38:09
  They're hurting American citizens.
• 38:11
  They are trying to strangle the Bitcoin ecosystem.
• 38:15
  Of course they're doing it with the same low hanging fruit
• 38:18
  examples of we're stopping anti money laundering, we're stopping
• 38:21
  financial criminals, we are here to protect the citizen, the
• 38:26
  retail customer. This is in the threat of
• 38:28
  national security, the same excuses they always use.
• 38:32
  They are using them again and it's very.
• 38:34
  Unfortunate that we're seeing Wallace Satoshi get pressured.
• 38:37
  You know, I know a lot of the more hardened, ardent, hardened
• 38:41
  bitcoiners. It's probably even in chat right
• 38:43
  now saying like, oh, they're custodial.
• 38:45
  We all knew this was coming, but say what you want, Wallace
• 38:48
  Satoshi had a good user experience for a newbie.
• 38:51
  They they were able to onboard people, you know, this is kind
• 38:55
  of unfortunate. Hopefully people don't get rug
• 38:59
  pulled out there because they are using this custodial
• 39:01
  feature, the Wallet of Satoshi. But it really highlights why
• 39:06
  creating a business that cannot be labeled as a money
• 39:09
  transmitter is so important and creating unstoppable software.
• 39:13
  Unfortunately, you know Wall of Satoshi got caught up in this,
• 39:16
  but they're not the only ones. And here we are.
• 39:19
  If you guys aren't familiar with node lists, remember Jack Dorsey
• 39:22
  tweeted about node lists a while ago?
• 39:24
  He just did node list dot IO in June.
• 39:26
  Well, apparently node list dot IO is down and there was a post
• 39:31
  that UTXO created where apparently he's being shut down
• 39:34
  and this isn't Canada. So this just goes to show that
• 39:37
  do not want you to take Bitcoin into custody.
• 39:40
  They don't want you running a node.
• 39:41
  Of course, we've seen that there has been coordinated efforts
• 39:45
  globally to stop Bitcoin adoption.
• 39:48
  We see it constantly happening. Whether we're seeing what we
• 39:52
  want to see and seeing the connection between what's
• 39:55
  happening in America, what's happening in Canada, we don't
• 39:59
  know. All we know is that they're
• 40:01
  coming for wallets, they're coming for node operators, and
• 40:04
  now is most important time than ever to be running a Bitcoin
• 40:08
  wallet that might possibly be free and open source.
• 40:12
  You know, I know there's a lot of contention out there about
• 40:14
  the custodial versus Foss, but. You want to protect yourself
• 40:19
  because it is happening in real time.
• 40:21
  We know that we are in the then they fight you stage.
• 40:24
  So let's read UTXO's post right here because again it's the same
• 40:29
  story happening in Canada and if you don't think that we are in
• 40:33
  the then they fight you stage. You don't think they're
• 40:34
  attacking self custody that you if you don't think they're
• 40:37
  trying to stop you from running software?
• 40:40
  Well, it is happening in real time guys.
• 40:42
  So here's Utxos post and he goes, I knew this day would
• 40:45
  probably come, but I didn't expect it so soon and I think
• 40:49
  that's all what we've been kind of saying here.
• 40:50
  It's like we knew the attack for commenting, but it seems like it
• 40:53
  is snowballing and it is cascading and happening very
• 40:57
  quickly. I am being investigated for
• 40:59
  running an illegal money transmission business in Canada
• 41:02
  AKA Node List. Under the advice of my lawyers,
• 41:05
  I need to shut down the main instance of it.
• 41:08
  As you guys know, I made Node List completely open source in
• 41:10
  the event that this happened so that others who don't live under
• 41:13
  communism can run an honest privacy focused payments
• 41:16
  business to my clients who are using it.
• 41:19
  I'm very sorry for the short notice, but you'll need to find
• 41:21
  a new payment processing solution this weekend.
• 41:24
  DME on Telegram and I will personally walk you through
• 41:26
  setting up a BTC pay server instance that you can self host
• 41:29
  or even your own instance of node list.
• 41:31
  I can't give much more information than this.
• 41:34
  I'm not even supposed to say this, but I owe it to you guys
• 41:37
  to let you know what's going on to install node list on your own
• 41:39
  server. You can get started here and
• 41:43
  it's just absolutely incredible that powers that be don't want
• 41:47
  you to run software. They don't want you to take
• 41:50
  Bitcoin into custody. As you can see, as big corners,
• 41:53
  we are obviously over the mark. We know the game.
• 41:57
  Hence why I wanted to talk about what Dave Smith was talking
• 42:00
  about on Joe Rogan this morning. It's because the game has been
• 42:03
  exposed. They get their power from the
• 42:05
  money printer. As Brett was saying, you know,
• 42:07
  they've inflated our savings away.
• 42:10
  They will continue to inflate our savings away.
• 42:12
  They'll continue to debase the currency as long as they can get
• 42:14
  away with it. And here we are guys, and my
• 42:18
  duty usually here on the show is to name some of my favorite
• 42:22
  Bitcoin wallets here. I usually have a long list of
• 42:25
  them, but I think for today I just want to name a few
• 42:28
  lightning wallets that I've been using that I love currently and
• 42:31
  I I've really become a huge fan of Phoenix since their latest
• 42:34
  update. I I think Phoenix might might be
• 42:37
  the new contender for that seamless onboarding of of the
• 42:41
  new bitcoiner. I I don't really remember how
• 42:44
  the onboarding was, whether it's as seamless as well as Satoshi
• 42:47
  was, but it's it's almost there guys.
• 42:49
  And then of course my buddies over at Mutiny, I love mutiny.
• 42:52
  I love the guys behind it. I love what they're building,
• 42:55
  and they have just recently allowed iOS Test Flight for
• 43:01
  Mutiny subscribers, so we're almost on the verge of getting a
• 43:04
  Mutiny app. But of course, you can use a
• 43:07
  Mutiny Lightning wallet on your web browser, so you don't even
• 43:10
  need to download it from a Google or an Apple Play store.
• 43:13
  And this is what I mean about Bitcoin entrepreneurs finding
• 43:17
  ways to route around this tyranny because they cannot stop
• 43:21
  software. It is speech.
• 43:23
  It will find its way, and this Bitcoin thing is is unstoppable.
• 43:28
  As much as they try to grasp and control Bitcoin, they can't ban
• 43:32
  Bitcoin. They can only ban themselves
• 43:34
  from Bitcoin. But some other good Bitcoin
• 43:36
  wallets, lightning wallets out there is Breeze Moon.
• 43:39
  I absolutely love them, but I I think right now the one I'm
• 43:43
  recommending the most is Phoenix guys.
• 43:45
  So maybe you guys can drop your favorite Lightning wallets in
• 43:48
  the chat, But Brett, what's your thoughts on all this going on?
• 43:51
  Did you watch this happen over the weekend?
• 43:53
  Or maybe what's your general thoughts?
• 43:55
  Yeah, a few, a few thoughts. First, a shout out to Zeus
• 43:59
  Wallet, which is also excellent. It's your own node and I think
• 44:03
  recently they built a built in lightning node as as part of the
• 44:07
  mobile experience which is, which is technically really
• 44:11
  challenging and they've solved that.
• 44:12
  So I you know, I definitely would check out Zeus and yeah,
• 44:15
  Mutiny. Mutiny's doing great work and
• 44:19
  you don't need an app. I think apps are a little bit
• 44:21
  overrated. Progressive web apps that just
• 44:23
  run in the browser on mobile, they run the same as apps.
• 44:27
  They have notifications. They're excellent.
• 44:28
  So Mutiny did a great job with their progressive web app too.
• 44:31
  So Ben Carmen and the and the gang over there have crushed it.
• 44:36
  Now back to the the politics of what you what you started.
• 44:43
  I have followed Elizabeth Warren's career since the
• 44:45
  beginning and I actually really used to admire her.
• 44:49
  I thought she was super ambitious and she really was
• 44:54
  determined to fight against the banks and kind of injustice
• 44:57
  against American citizens and and and I do think that was, she
• 45:02
  was kind of virtuous at that. At the beginning of her career,
• 45:06
  something happened to her and I don't know what it is.
• 45:09
  She's suddenly super wealthy. I mean how?
• 45:12
  You know, we all know what the congressional salary is.
• 45:15
  So how is she so wealthy all of a sudden over the last few
• 45:17
  years? That doesn't make any sense.
• 45:21
  And she's gone after Bitcoin with every ounce of her being.
• 45:25
  I mean, she is really against it.
• 45:26
  And so something, someone has corrupted her unfortunately.
• 45:31
  And she does understand Bitcoin. I don't really think she sees it
• 45:35
  the way that I do and a lot of bitcoiners do, as freedom, tech
• 45:39
  and. A chance to uplift the world for
• 45:43
  the unbanked and people who have hyperinflation and people living
• 45:48
  under tyrannical regime. She doesn't see it that way, I
• 45:52
  don't think I believe she's holding up the Bitcoin ETF.
• 45:56
  She's in Gary Gensler's ear. Every interview I've seen with
• 46:00
  her recently, they're all super softball interviews.
• 46:03
  Like, why won't she? If she is so convicted in her
• 46:08
  beliefs against crypto, Bitcoin mining, electricity usage,
• 46:13
  boiling the oceans, money laundering, why won't she debate
• 46:16
  someone on the other side? All she does is softball
• 46:19
  interviews. She states her talking points
• 46:23
  and then moves on and doesn't ever get challenged publicly on
• 46:28
  any of her beliefs and what happened to healthy debate.
• 46:32
  Why can't she take some tough questions?
• 46:35
  Why can't we have an opposing side that kind of challenge her
• 46:39
  on this And it's if if she really believes in what she's
• 46:42
  saying she would welcome that. Anyone who has conviction about
• 46:45
  something, they would welcome a dissenting belief and say OK
• 46:48
  let's discuss it civilly and and let let let the the viewers or
• 46:53
  the readers decide. She won't do that.
• 46:55
  So it's really disappointing to see what's happened to her as
• 46:59
  she's not the person that. That I I kind of first who came
• 47:02
  on my radar like I guess over 10 years ago now and she's doing
• 47:07
  more harm than good and I think history will not look kindly on
• 47:12
  her just like we all yeah. It's just that she's destroying
• 47:15
  her legacy. She's not helping humanity.
• 47:19
  It's really really I can't I can't like it's it's upsetting
• 47:22
  just to think about the damage she's doing where she could be
• 47:25
  helping this country she could she could be helping the world.
• 47:28
  Instead, she's she's in the way. And she's wedged herself from
• 47:32
  progress, from technology, from innovation.
• 47:35
  And you're right, you said earlier about it will start to
• 47:38
  move offshore and it's because of people like her and it's
• 47:42
  really sad to see. While it is Satoshi
• 47:45
  specifically, yeah, they're custodial solutions.
• 47:47
  So they're going to be under the purview of the SEC and KYC and
• 47:53
  AML and and and talk about money laundering, I mean like.
• 47:58
  Crimes are committed on mobile phones.
• 48:00
  Crimes are committed in cars. Crimes are committed by people,
• 48:04
  you know, wearing clothes. Do do we ban, do we ban these
• 48:08
  things? Do we ban cars?
• 48:10
  Do we ban phones? What does she think is going to
• 48:13
  happen? And she rather than look at the
• 48:15
  data, which I think I saw something recently, where
• 48:20
  Bitcoin and other currencies manera, whatever.
• 48:23
  It's like way under 1% of their usage.
• 48:25
  So why are you making that your lead argument?
• 48:29
  You know you she knows that's true too.
• 48:31
  So she's lying. She's she's not being honest
• 48:34
  with herself. She's not being honest with her
• 48:36
  messaging. And you know, I actually the
• 48:40
  Bitcoin conference in 2021 AI was at a small event with
• 48:43
  Cynthia Lamas and I and I had AI was talking to her and I said.
• 48:49
  Hey, can you just take Elizabeth Warren out to lunch and start to
• 48:52
  orange peel her? And she looked at me and she
• 48:54
  laughed. She said I would, I would try,
• 48:56
  but she just won't meet with me. She won't listen.
• 48:59
  She doesn't want to hear it. She doesn't want to hear
• 49:01
  opposing views. So even someone like Lummus,
• 49:05
  who's really close to her, you know, in proximity and has a
• 49:08
  rear, she won't listen to it. So there's something, something
• 49:11
  else sinister going on there, unfortunately, yeah.
• 49:16
  That's about it. I mean I could go on and on but
• 49:18
  you know the gist of it is Bitcoin you know in a lot of
• 49:23
  ways doesn't care and will survive with or without people
• 49:26
  like Elizabeth Warren in in the way but she's it certainly does
• 49:30
  make it make it you know harder we are in the the then they
• 49:33
  fight you phase right now needlessly.
• 49:36
  Yeah. Couldn't agree more.
• 49:38
  Yeah. And it's very interesting just
• 49:40
  taking Elizabeth Warren herself, you know, she what rose on the
• 49:44
  platform of Occupy Wall Street movement and now she's literally
• 49:49
  in bed with the very movement she was supposedly fighting.
• 49:52
  And now she's fighting literally the interest of the average
• 49:55
  American and just to kind of like paint this as a more global
• 50:00
  issue. You know, of course this has
• 50:03
  rather no effect on Bitcoin at large, but it just goes to show
• 50:07
  where the precedent is being set and where the choke points are
• 50:10
  and what is going to happen. And there might be a time when
• 50:14
  all Bitcoin wallets completely get cleared out of all app
• 50:17
  stores. And hence, like why I love what
• 50:20
  Carmen and everyone over at Mutiny is doing, is having these
• 50:22
  progressive web apps where literally you can just download
• 50:26
  a wallet on your browser and they cannot stop this.
• 50:29
  And it just goes to show that Bitcoin entrepreneurs will route
• 50:32
  around anything that they try. And this is how I know that
• 50:36
  Bitcoin will win. But it's really unfortunate to
• 50:39
  see that we have so much friction and so many obstacles
• 50:42
  to go over when all we really want is just to get the get them
• 50:45
  out of our money. Just stop stealing from me.
• 50:47
  Like this is literally what it is like these people that get
• 50:50
  rich off stealing off the average person and then they get
• 50:53
  painted as these heroes. It's absolutely disgusting.
• 50:56
  And I I I'm just tired of getting robbed.
• 50:58
  Like it's it's that simple. We're not criminals here.
• 51:01
  And and yeah Brett, to your point, I think the numbers is
• 51:03
  .2% or maybe it's point O 2% of Bitcoin transactions are for
• 51:09
  quote UN quote criminal use. So it's like it's an it's a
• 51:12
  tiny, tiny aspect of all transactions on Bitcoin.
• 51:15
  And here we are. We're all painted as criminals.
• 51:17
  We're all financial terrorists. This is all we're doing here is
• 51:20
  we're all laundering money when in reality the real money
• 51:23
  launderers use cash. That's what banking is.
• 51:26
  They are the ones that are really laundering all the money,
• 51:29
  the politicians out there playing cover for it.
• 51:31
  It's just it's absolutely incredible that people still
• 51:34
  seem to. I think these people have
• 51:36
  legitimacy when they are the real liars, they're the real con
• 51:38
  men. And it just I I think, I think
• 51:41
  their bubble is popping, but it's going to take time until
• 51:44
  more people realize what's happening anyway.
• 51:47
  So what's your thoughts? So the reason that I think a lot
• 51:52
  of these politicians hate Bitcoin and they hate self
• 51:55
  custody is because money is speech.
• 51:59
  And while we like to pride ourselves that this is a, you
• 52:03
  know, country that believes in the First Amendment on the
• 52:06
  surface, the reality is that a lot of these politicians have
• 52:09
  been controlling speech and have been controlling the narrative
• 52:12
  for many, many years. And So what happens when you
• 52:15
  decentralize the money, When you separate the money from the
• 52:18
  state, They are no longer in control of the narrative they're
• 52:22
  no longer in control of. Being able to control what other
• 52:26
  people are thinking essentially. I saw a episode of the culture
• 52:32
  war on Tim cast but and where this guy, Doctor Robert Robert
• 52:37
  Epstein was his name. He was talking about how he has
• 52:41
  a bunch of evidence that he can present in court.
• 52:45
  Legal evidence that shows the way that Google and Facebook.
• 52:51
  The way that they attack their messaging to different political
• 52:54
  parties. So imagine the only way that
• 52:57
  something like that is is possible is with a money
• 53:01
  printer. And once you take that money
• 53:03
  printer away you take their power away.
• 53:06
  And once you take their power away people realize that there
• 53:09
  is less of a need for government and people start governing
• 53:12
  themselves. Self sovereignty means more than
• 53:16
  just personal banking and taking, you know, your money
• 53:19
  into your own responsibility. Actually means taking every
• 53:22
  other aspect of your life into your personal custody as well.
• 53:26
  And that is the last thing that politicians want.
• 53:29
  They want you to depend on them, and once you stop depending on
• 53:34
  them, once you take that power away, there is no use for them.
• 53:37
  I used to be a huge fan of Elizabeth Warren as well.
• 53:40
  I loved the principles that she stood on and when she first came
• 53:45
  out on the political scene, I I really admired her, especially
• 53:48
  as a woman in politics. But.
• 53:51
  As as Brett mentioned, now she's rich, now she has a bunch of
• 53:54
  money. I wonder where all of that money
• 53:56
  came from. Part of that comes from a money
• 54:00
  printer there. This isn't possible without a
• 54:02
  money printer. And I think at the end of the
• 54:05
  day, you're not, it's it's going to take a lot more than just
• 54:08
  moving to different apps. That's not going to be enough.
• 54:12
  It's going to take moving to. Whole other phones, like you're
• 54:16
  going to have to have decentralized everything.
• 54:19
  You're going to have to actually take like these apps and not
• 54:23
  have to get them from an Apple store, Google Play store.
• 54:26
  You're going to have to download them and study code and figure
• 54:30
  out how to understand these things without depending on
• 54:34
  these companies that are also subsidized by these politicians
• 54:38
  and by big government. There's a reason that Elon Musk
• 54:41
  bought out X. He wanted to separate social
• 54:45
  media from the government and he exposed that through the Twitter
• 54:48
  files. So the then they fight you
• 54:50
  phase. We're in it, but we're just at
• 54:52
  the beginning and it's going to take a lot more than switching
• 54:55
  to a different app on the App Store.
• 54:58
  You're going to actually have to completely switch out your life
• 55:02
  at some point. You know you're going to Oh my
• 55:04
  God, this is so funny. You're going to actually have to
• 55:07
  completely decentralize your your life.
• 55:11
  At some point, because they are going to try to hit you with
• 55:14
  everything that they have and it's going to be inconvenient.
• 55:16
  It's going to suck, it's going to be really hard.
• 55:19
  But if we all band together and opt out, it's going to be
• 55:23
  possible. Yeah, 100%.
• 55:26
  I mean it's really one of these moments where you got to protect
• 55:30
  yourself and and few people understand what's actually going
• 55:33
  on. Anyways, guys, before we get
• 55:34
  into the culture shouts out to the boys over at Kaboom Racks.
• 55:37
  If you want to buy, sell or host your A6, get over to
• 55:41
  kaboomracks.com. Get in touch with my boy Alex.
• 55:44
  He will probably try to convince you not to buy a six, but he'll
• 55:48
  break it all down for you. He's super bullish on the latest
• 55:52
  A6 releases. Go hang out in their Telegram
• 55:55
  group, they they're doing a good job guys.
• 55:57
  They'll let you know everything you need to know in regards to
• 56:00
  Bitcoin mining. I know Alex is getting super
• 56:03
  bullish coming up. We know the hash rates going on.
• 56:05
  I'm sure you guys are having questions whether you should get
• 56:08
  into Bitcoin mining or not. Get in touch with the boys at
• 56:10
  Kaboom Racks. They will sell you what you need
• 56:13
  or they probably they might tell you not to buy them.
• 56:15
  That's what. That's literally what Alex
• 56:17
  always tells you. Like my job is to sell ASICS,
• 56:20
  but I usually tell people not to buy them because you might wreck
• 56:23
  yourself. So get in touch with them.
• 56:24
  Guys, if you have been thinking about buying some ASICS, maybe
• 56:27
  you got some old ASICS you want to sell or maybe you have some
• 56:31
  that you have to host because you don't have good electricity
• 56:34
  rates. Get in touch with them guys.
• 56:36
  Anyways, let's get into the culture.
• 56:37
  We got a lot to talk about the. Daily Culture.
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• 57:07
  All right, Brent. Well, you told us in the
• 57:10
  beginning what you're working on and here I have the demo, but
• 57:14
  maybe give some context on what is a True Vote app and and maybe
• 57:19
  why you built this in the first place.
• 57:23
  Sure, yeah, I built this cause voting is broken.
• 57:26
  Like I said it, it solves True Vote solves 2 fundamental
• 57:29
  problems with voting. One is convenience.
• 57:32
  So we often say people choose convenience server security.
• 57:37
  That's super true and any of you out there that are still using
• 57:41
  clear text messaging, ask yourselves why aren't you using
• 57:45
  Signal if you have Signal or even WhatsApp.
• 57:48
  Although WhatsApp is an open source use end to end encrypted
• 57:53
  system, so even though it's less convenient so I'm constantly
• 57:57
  kind of educating my friends. And and one way I do it is if
• 58:01
  someone texts me I'll reply to them on signal without even
• 58:04
  saying hey I'm switching to signal.
• 58:05
  I'll just I'll just reply on signal and move the conversation
• 58:08
  there. The point is people would choose
• 58:10
  convenience you know it's it's it's it's easier to text really.
• 58:15
  It really isn't for like half a more second you can have into an
• 58:19
  encrypted. So True Vote solves convenience
• 58:22
  because people don't like to vote.
• 58:23
  They The idea came to me when I was standing online at a polling
• 58:28
  station. Over 10 years ago and the line
• 58:32
  was huge and I was super busy that day and I was like, what
• 58:34
  the hell? Why?
• 58:35
  Why am I online? This is ridiculous.
• 58:37
  And I thought I saw everyone on their phones.
• 58:39
  Of course, as everyone does when they're online, everyone does
• 58:42
  everything else in their phones. Why aren't we voting on our
• 58:44
  phones? So that was the original C that
• 58:46
  kind of that caused me to think I need to solve this problem.
• 58:49
  So I was I I I was working at SpaceX at the time.
• 58:53
  You know, I was busy and. I saw this as an opportunity of
• 58:59
  someday maybe building something to make it easier.
• 59:01
  And then I eventually started found a True Vote.
• 59:04
  So convenience is a big is a big problem.
• 59:06
  People don't like to wait online, and they don't.
• 59:09
  And mail in mail, in ballots are actually pretty inconvenient.
• 59:12
  You have to receive it, make sure it's right, fill it out,
• 59:15
  sign it, seal it, put in an envelope and.
• 59:19
  Drop it off at a mailbox or ballot box and you really don't
• 59:23
  know what happened to that ballot once it leaves your
• 59:25
  hands. And so that's the that's the
• 59:27
  second part is whether you vote in person or via mail, you don't
• 59:31
  know what happened to your ballot.
• 59:32
  You really don't know. You think they counted it and
• 59:34
  you see the results at the end. Oh yeah, I voted for that guy,
• 59:37
  that woman. You know you you don't know if
• 59:39
  your vote was was part of the aggregate.
• 59:40
  So I solved both those problems and it needs to happen.
• 59:44
  We do everything else on our phone, so.
• 59:47
  That's the gist of it. So it's open source and it uses
• 59:50
  open time stamps, and open time stamps is a great kind of add on
• 59:57
  to Bitcoin without impacting the Bitcoin itself.
• 1:00:00
  So it's not like ordinals or taproot or anything else that
• 1:00:05
  uses the blockchain or the OR Bitcoin that way.
• 1:00:08
  It uses it on the side where you hash your data.
• 1:00:11
  So you take all the ballot data, you hash it into a single hash,
• 1:00:15
  and then you. Compare that to the Bitcoin
• 1:00:18
  blockchain at the time you hash it and then you write that
• 1:00:21
  record to an open time stamps calendar which is open source
• 1:00:24
  and True Vote has their own instances of open time stamp.
• 1:00:27
  They can all be audited and verified and you can see OK,
• 1:00:30
  this ballot was not altered so nobody can go back door into the
• 1:00:35
  database. Not me, not anybody can go into
• 1:00:37
  the True vote database and change a ballot because the hash
• 1:00:39
  would break. So you can see your own ballot
• 1:00:42
  is on the and the the as part of the election, and you can see
• 1:00:47
  the ballot explorer, You can see your ballot, and only you can
• 1:00:50
  see that you were the one who voted for.
• 1:00:52
  So each of the candidates, no one else can see who anybody
• 1:00:56
  else voted for that key. And that data is stored with
• 1:01:00
  your device or your computer. So there's no way of tracing
• 1:01:04
  back a individual ballot to a person.
• 1:01:08
  Those are the two fundamental things that it solves.
• 1:01:10
  More is that it's open source, You know, today's voting
• 1:01:14
  systems, however electronic they may be, you may walk into a
• 1:01:17
  polling station and have a touch screen and and think that, Oh
• 1:01:20
  well, this is it looks pretty modern, but all that code is
• 1:01:23
  closed source. You don't know how it works or
• 1:01:26
  anything. All true votes code is open
• 1:01:28
  source. It can be audited.
• 1:01:29
  We also do something called reproducible build.
• 1:01:32
  So Sophie mentioned, you know, looking at code in the future
• 1:01:35
  and being able to understand it, those that want to.
• 1:01:38
  And any security reachers, researchers will be able to
• 1:01:42
  easily write a reproducible build of the True vote code
• 1:01:46
  based on the code that's public on GitHub and see that it checks
• 1:01:49
  out. It's the exact same code that's
• 1:01:50
  running that doesn't exist today.
• 1:01:53
  Nobody is doing that. So I would ask again, going back
• 1:01:59
  to Elizabeth Warren, having to defend her positions, not
• 1:02:04
  wanting open source voting is indefensible.
• 1:02:07
  So why wouldn't you want an open system?
• 1:02:11
  And I get a lot of pushback in my conversations.
• 1:02:14
  Oh, they will never allow this. Well, really, how do you know
• 1:02:17
  until you actually build it and and and and deploy it, Sure,
• 1:02:21
  they'll be resistance. I know that.
• 1:02:25
  But it will be indefensible at some point.
• 1:02:26
  Just like Bitcoin, nobody gave permission to Satoshi to build
• 1:02:30
  Bitcoin. He just built it and it took
• 1:02:33
  off. So the same thing with Truvo.
• 1:02:35
  It doesn't need permission. You build it and you prove that
• 1:02:38
  it works and it will get adopted.
• 1:02:40
  So that's my position and I'm devoting the rest of my career
• 1:02:45
  to this, the rest of my professional life to ensuring
• 1:02:48
  that we have election integrity. So it was exciting last week to
• 1:02:53
  deploy the demo to just show, OK, here's something you can
• 1:02:56
  see. There's so much back end code
• 1:02:58
  behind it that you don't see. Everyone cares about the UI,
• 1:03:00
  obviously. That's what people think of when
• 1:03:03
  they see an app or a website. But there's a lot of code behind
• 1:03:06
  it that doesn't get seen that, you know, takes the data, hashes
• 1:03:10
  it pushes it on open time stamps, compares it to the
• 1:03:14
  Bitcoin blockchain, all that's happening underneath and it it's
• 1:03:17
  all open source on GitHub. So you know on the in the demo
• 1:03:22
  you know, I, I I demo you, it launches the app.
• 1:03:25
  It's also multilingual. Out of the out of the gate, you
• 1:03:29
  enter an election code and you sign in, you enter an election
• 1:03:32
  code, you submit your ballot and then you wait for it to get
• 1:03:35
  validated and then the the hash gets updated on your ballot and
• 1:03:38
  it's there forever. Just like a Bitcoin transaction,
• 1:03:41
  it's it's immutable, it cannot be tampered with, so it needs to
• 1:03:46
  happen. So that's where we're building
• 1:03:48
  it. Awesome.
• 1:03:50
  Well, here let me play this demo for everyone to watch and then
• 1:03:53
  we'll chat about it. The.
• 1:04:32
  The. I love that bass and drums.
• 1:05:14
  That was beautiful. I can't take credit for that,
• 1:05:17
  but thank you. That mix is good too.
• 1:05:19
  Whoever made that A plus? Someone in the chat XX he goes
• 1:05:26
  and it kind of showed it there in there.
• 1:05:28
  But I guess just to clarify for the audio listeners here, how do
• 1:05:32
  you verify a registered voter? So you still have to be
• 1:05:37
  authorized to vote. You know, you can't just log
• 1:05:40
  into the site and think that you can vote in any election.
• 1:05:42
  You still have to have access. And the way that works today is
• 1:05:46
  you have to register to vote with your local voting
• 1:05:50
  authority, whether that's the Secretary of State of California
• 1:05:54
  or your county or city or country.
• 1:05:57
  You still have to register to vote, and True Vote ties into
• 1:06:00
  those databases and issues election access codes.
• 1:06:05
  You will also at some point probably have to KYC somewhat
• 1:06:10
  and show that you were the person voting and you were the
• 1:06:13
  person that owns the account that logs in.
• 1:06:14
  So it's not, you know, you can't just vote in any election you
• 1:06:19
  please. You have to have access to it.
• 1:06:22
  And that access isn't controlled by Truva.
• 1:06:24
  That access is controlled by whoever is running the election.
• 1:06:27
  And usually that's your state or county authority.
• 1:06:31
  At least in in the United States it is.
• 1:06:35
  And today they have some electronic voting.
• 1:06:38
  They just don't have it on your device.
• 1:06:40
  You have to go into a polling station and and do it and and
• 1:06:44
  when you walk into a polling station today, you need to show
• 1:06:46
  your ID and then they hand you a ballot.
• 1:06:49
  So it's similar workflow except it's digital.
• 1:06:53
  You will need to vote, you will need to be registered to vote,
• 1:06:56
  and then you'll get an election access code which is effectively
• 1:06:59
  access to submit a ballot. Interesting.
• 1:07:03
  Interesting. Yeah, I mean it seems like such
• 1:07:06
  a simple idea like. Of course we should be able to
• 1:07:10
  do everything off our phones. We do it off our phones anyways.
• 1:07:13
  Like it seems like this would be a no brainer, but actually 11
• 1:07:18
  technical question, just that that I'm thinking of.
• 1:07:21
  Is every vote an open time stamp or did you say they all get
• 1:07:25
  aggregated into like a hash that they can verify?
• 1:07:29
  Yeah, no, not they. Not.
• 1:07:31
  Every single ballot is in its own open time stamps record it,
• 1:07:36
  It aggregates it over time. So about every 15 minutes or so,
• 1:07:39
  it grabs all the ballots that were submitted, hashes those,
• 1:07:42
  and then hashes that with open time stamps.
• 1:07:45
  So it's just more efficient that way.
• 1:07:47
  Yeah, yeah, yeah. And then eventually the entire
• 1:07:50
  election gets hashed into one big hash that goes on open time
• 1:07:53
  stamp. So it's a parent child
• 1:07:55
  relationship of all the hashes. OK, awesome.
• 1:07:58
  Yeah, that's one thing I was wondering.
• 1:08:00
  And then I'd like to actually for a moment talk about what you
• 1:08:04
  said in the beginning of. That you know, the powers that
• 1:08:07
  be, they won't let you do this. And you know you're pushing back
• 1:08:11
  on the idea of like why wouldn't they want this?
• 1:08:14
  I I think motor transparency is something that has become a very
• 1:08:19
  big topic recently. But is this one of those, like,
• 1:08:24
  maybe Uber moments where you're like, I'm just going to build
• 1:08:26
  it, show it's better? And then we'll see what
• 1:08:29
  happened, because it does seem like there will need to be some
• 1:08:33
  level of adoption from like the politician class.
• 1:08:36
  And I I mean, I just don't think they want that level of
• 1:08:39
  transparency. I think some politicians do.
• 1:08:43
  I mean if you don't want that level of transparency, then you
• 1:08:46
  have to answer your you have to answer the question of why not
• 1:08:49
  and there is no answer. So I welcome anyone to tell tell
• 1:08:54
  us why we shouldn't have open, transparent elections with open
• 1:08:58
  source software. Explain why I I don't have an
• 1:09:01
  answer, so I can't. I can't.
• 1:09:02
  I can't simulate what they might defend.
• 1:09:05
  Defend it with. There's no there's no defense
• 1:09:07
  for it. It's indefensible.
• 1:09:09
  Well, we know why, but they just won't say it out loud, right?
• 1:09:13
  Well, that is their. Their silence will speak volumes
• 1:09:17
  then, Yeah. Listen, as a Venezuelan
• 1:09:19
  American, this is like this needs to be implemented all over
• 1:09:23
  the world. It's about time that voting the
• 1:09:27
  IT becomes an open source thing. We do everything else on our
• 1:09:31
  phones. Why wouldn't we be able to vote
• 1:09:34
  on our phones? Especially if we have the
• 1:09:36
  opportunity to see the code and like, make it as convenient as
• 1:09:41
  you have made it. Yeah.
• 1:09:44
  And and Opti, I think the example you said about Uber.
• 1:09:48
  The thing about Uber is, though, it was displacing an entrenched
• 1:09:52
  system that wasn't necessarily corrupt, right?
• 1:09:55
  The taxi system. It wasn't really a corrupt
• 1:09:58
  system. It was just the inconvenient
• 1:09:59
  system. And a better product came along
• 1:10:02
  to replace it. In Truvo's case, not only is a
• 1:10:05
  better product coming to replace it, but it's also fixing a
• 1:10:09
  broken system and a non trustworthy system.
• 1:10:11
  So there's even more reason, more incentive for it to be
• 1:10:14
  adopted, I guess. I guess there was an argument
• 1:10:18
  with the taxi system. There was like a kind of a cabal
• 1:10:21
  of closed taxi licenses, especially in like New York and
• 1:10:25
  other big urban areas where you had to pay a lot for a taxi
• 1:10:32
  medallion or whatever. I don't even remember how it
• 1:10:34
  worked, but an Uber really disrupted that.
• 1:10:38
  But yeah, I mean, it's it's in the same spirit of that where
• 1:10:41
  innovation can replace antiquated systems.
• 1:10:44
  And and Sophie, to your point, yeah, we do.
• 1:10:47
  Exactly. We do everything else in our
• 1:10:49
  phone. Why aren't we voting on our
• 1:10:50
  phones? And that was what I was asking
• 1:10:51
  myself over 10 years ago when I was, you know, waiting on line.
• 1:10:55
  Like why aren't we voting on our phones?
• 1:10:57
  So finally, you know, soon we're, we're getting closer.
• 1:11:01
  So you know it's going to happen.
• 1:11:04
  Love it. Love it Brett.
• 1:11:05
  OK, one one last point here. Kind of seemingly some pushback
• 1:11:10
  from the chat said we should have transparent election voting
• 1:11:12
  but still need transparent counting.
• 1:11:14
  What would be your response to that?
• 1:11:16
  Well, the counting's super accurate.
• 1:11:18
  The counting is you. It's a.
• 1:11:20
  It's a database query summing up the results.
• 1:11:23
  That is all. Again, that query is also open
• 1:11:26
  source. So it's like, look at the code.
• 1:11:28
  You can see, OK, it's adding up these items, it's, it's
• 1:11:31
  aggregating them and it's displaying a, a pie chart and a
• 1:11:34
  total of of each of the candidates.
• 1:11:36
  Or a ballot measure. Yes or no.
• 1:11:39
  It's all open source. The counting is all open source,
• 1:11:41
  and all the ballots that are part of that aggregate aggregate
• 1:11:44
  count are in the Ballot Explorer.
• 1:11:47
  And they can all be. You can drill down and see all
• 1:11:49
  that data. You can drill down to each
• 1:11:52
  ballot and see the ballots, how many ballots were submitted.
• 1:11:56
  And you could drive all sorts of interesting new data to like,
• 1:11:59
  OK, for everyone who voted for this candidate, did they vote
• 1:12:02
  yes or no on this other ballot measure?
• 1:12:05
  And there's some correlation to be kind of gleaned from that
• 1:12:09
  that I think is very interesting that we don't have today because
• 1:12:12
  none of that ballot data is transparent.
• 1:12:14
  So there's, there's new opportunities there for some
• 1:12:17
  data analysis too that are really compelling.
• 1:12:19
  And people, there's a whole industry around, you know,
• 1:12:22
  looking at election results. And so having all this ballot
• 1:12:26
  data transparent for anyone to see and download is going to
• 1:12:30
  open up a lot of opportunities for other people to look at that
• 1:12:33
  data and do something with it. Yeah, that that's actually very
• 1:12:36
  interesting. And I didn't even think about
• 1:12:38
  that as the 1st order. Wow.
• 1:12:40
  Well, Brett, I think this just goes to show.
• 1:12:44
  That bit corners are building actually 11 last thing.
• 1:12:47
  I think This also goes to show that you don't need a token for
• 1:12:50
  stuff like this and you can build into Bitcoin natively.
• 1:12:55
  Oh yeah, I mean, if you Google blockchain voting, there's
• 1:12:58
  there's so much noise out there. Nobody, everyone's trying to
• 1:13:03
  grift on these solutions. Everybody.
• 1:13:07
  Not me. We're building an open source
• 1:13:09
  and we're doing it with Bitcoin. So no token needed, no
• 1:13:12
  blockchain needed. You know, it's just Bitcoin and
• 1:13:16
  Bitcoin. It's nice to see.
• 1:13:18
  You know, Bitcoin's primary use case is money, and I tell
• 1:13:21
  everybody that. But open timestamps made it a
• 1:13:24
  tool for validating data. And Peter Tata give him a lot of
• 1:13:27
  credit. He's a one of the first Bitcoin
• 1:13:30
  Core developers and he built this very elegant solution and
• 1:13:34
  and you don't need you do not need to create a Bitcoin
• 1:13:36
  transaction to use it. So it doesn't cost anything to
• 1:13:39
  use open time stamps Other than the time stamp servers making
• 1:13:42
  sure they're up and running properly.
• 1:13:45
  There's no there's no incremental cost for using it.
• 1:13:49
  So he built a really elegant solution to proving that data
• 1:13:54
  cannot be tampered with in it and that is indeed immutable
• 1:13:57
  along the Bitcoin blockchain, which is validated by, you know,
• 1:14:00
  hundreds of thousands of nodes across the world.
• 1:14:03
  So props to him for for building it.
• 1:14:06
  Yeah, I couldn't agree more, Shouts out to Peter Todd.
• 1:14:09
  But man, Brett wish you the best.
• 1:14:12
  Let's hope this catches on. We'll see.
• 1:14:14
  We'll see how the the fight for election integrity goes moving
• 1:14:18
  forward. But I I think it's becoming very
• 1:14:20
  obvious to at least anyone paying attention in politics
• 1:14:23
  that this is at least a point of contention.
• 1:14:26
  And I really like how you framed it, where it's like I would like
• 1:14:29
  to see anyone argue against voter transparency.
• 1:14:33
  So kudos to you and I wish you the best man.
• 1:14:36
  Thank you. Appreciate it.
• 1:14:38
  All right, guys, let's get into the meme review, because this is
• 1:14:41
  the only reason why you're here, obviously.
• 1:14:47
  The Daily Meme Review. All right guys, you already know
• 1:14:54
  the deal. This is the meme review where
• 1:14:57
  you tag us in memes at Twitter. Simply Bitcoin TV and we bring
• 1:15:04
  them on. I am OK with nepotism on the
• 1:15:07
  meme review guys. So give me your favorite meme,
• 1:15:10
  your own meme, your favorite memers, memes or drop them in
• 1:15:14
  our telegram group. Simply Bitcoin TVRT dot me slash
• 1:15:18
  simply Bitcoin TV lively group in there.
• 1:15:20
  Absolutely love everyone in there.
• 1:15:23
  You guys are killing it. Keep dropping the memes but
• 1:15:25
  please give me the tweet. Even if it's the like, the FX
• 1:15:28
  dot Twitter one or whatever. All those ways so that Twitter
• 1:15:32
  doesn't. Track you.
• 1:15:33
  I'm OK with that I'll I'll bring those on the show as well.
• 1:15:36
  But you guys know the deal. Tweets or the bullets memes of
• 1:15:39
  the artillery. We are in an information war and
• 1:15:42
  it's never been more important than ever to spread the signal.
• 1:15:45
  Make sure you get the calls of actions out there.
• 1:15:47
  Make sure people know how to stack Bitcoin, why to stack
• 1:15:51
  Bitcoin. And of course make some funny so
• 1:15:54
  they keep their heads in the game so they understand why we
• 1:15:56
  do what we do and on this point. 1st Meme kind of connected to
• 1:16:02
  the culture shots at the hoarding sats.
• 1:16:04
  He doesn't put anything here, but we have a you know play on
• 1:16:07
  the Steven Crowder meme where he sits there with his table and he
• 1:16:12
  put his emoji head on top of it and goes.
• 1:16:14
  All Sats are equally rare. Change my mind shots fired at
• 1:16:18
  all the taproot Wizards. I kind of agree with this.
• 1:16:20
  All Sats are equally rare. Sats are extremely rare.
• 1:16:23
  You know there's only 21 wait 2.1 trillion of them.
• 1:16:26
  I believe the math is Bitcoin is almost like.
• 1:16:30
  Extremely rare. It's almost like the only
• 1:16:31
  digitally scarce thing. It's only like the only scarce
• 1:16:34
  thing in the world. I don't know, maybe I'm just a
• 1:16:36
  bitcoiner. Anyway, just next meme.
• 1:16:38
  Actually, the I I don't remember who gave me these ones.
• 1:16:42
  I think this one came from Bitcoin meme in the Telegram.
• 1:16:45
  I think there's a Telegram channel that has all of these,
• 1:16:48
  but these next two are basically one meme.
• 1:16:52
  And I'm getting trolled in one of them, so I I had to put it up
• 1:16:55
  here. So 1st meme, we got this Anakin
• 1:16:58
  meme, you know where he's sitting, Anakin's talking to
• 1:17:00
  Padme and he does the weird smirk and he goes, I don't
• 1:17:03
  actually. Let me get some context.
• 1:17:05
  I don't know if you guys saw the news over the weekend, but
• 1:17:07
  apparently Christine Lagarde came out and said that she tried
• 1:17:11
  to tell her son to buy stocks and treasuries and real estate
• 1:17:16
  and instead of Bitcoin. And he didn't listen, Obviously
• 1:17:20
  we covered this in the past and I was getting trolled for this
• 1:17:24
  all weekend, obviously. Anyways, we got Anakin here as
• 1:17:27
  Christine Lagarde son. He goes, hey mom, I want to
• 1:17:29
  start investing And Christine Lagarde smiling in stocks and
• 1:17:32
  bonds, right? And he does the Anakin smirk and
• 1:17:34
  she goes right. No.
• 1:17:37
  Seems like he wants to buy Bitcoin.
• 1:17:39
  Anyways, I'm getting trolled here.
• 1:17:42
  Here's a picture of me. And he goes, honey, I want to
• 1:17:44
  start or I want to start investing and she goes in stocks
• 1:17:47
  and bonds, right? And then smirk.
• 1:17:50
  And you're right, no saving Bitcoin.
• 1:17:53
  This is the way guys stack Bitcoin.
• 1:17:56
  Go all in in Bitcoin. Do it.
• 1:17:58
  All right, next one is by Rd. under score BTC and he goes, I
• 1:18:02
  hate that guy, Hashtag Bitcoin. And it goes when you find the
• 1:18:05
  person that stopped you from buying Bitcoin at $1.00 and it's
• 1:18:09
  a girl choking her shadow, this is.
• 1:18:12
  What they call true shadow work, yeah.
• 1:18:15
  I I swear we all feel this way. You know, we all wish we were
• 1:18:19
  smart ones that have bought Bitcoin at a dollar.
• 1:18:22
  Well, the best time to buy Bitcoin may have been at a
• 1:18:24
  dollar. Second best time is to buy
• 1:18:26
  Bitcoin now, save in Bitcoin today.
• 1:18:29
  You need to do this to protect yourself.
• 1:18:31
  If anything has been clear throughout this whole show is
• 1:18:35
  that the powers that be do not want you to take control of your
• 1:18:38
  life and your finances. They want you to keep them as
• 1:18:42
  the middle men because that is how they retain their power.
• 1:18:45
  And this last one is by UK Bitcoin Master if you didn't.
• 1:18:49
  Check out my podcast with the UK Bitcoin master I did last week.
• 1:18:52
  I had a great time with you, bro.
• 1:18:54
  A boomer that gets it. You know, they're the.
• 1:18:56
  I know you guys always yell at me and make fun of me and and
• 1:18:59
  say that I'm mean to the boomers.
• 1:19:01
  No, I just use it generally, guys.
• 1:19:03
  There there are some people out there, not just us millennials
• 1:19:07
  and zoomers that get what's going on.
• 1:19:09
  I am not an ageist here. It is orange versus green.
• 1:19:14
  And if you're on the side of Orange?
• 1:19:17
  And we are in the trenches together.
• 1:19:18
  So shout out the UK Bitcoin master and he goes there's only
• 1:19:21
  one asset to put your hard earned Fiat in for the futures.
• 1:19:24
  And we have Michael Saylor here going, there is no second pass
• 1:19:29
  and you can see the asset 10 year return Bitcoin plus 135,400
• 1:19:34
  and oh oh, it's our boy 21 JCLP. Let's go.
• 1:19:37
  All right. I didn't see that.
• 1:19:38
  Shout out to you 21 Bitcoin returned 135,421, Tesla 6867%,
• 1:19:46
  Microsoft 1034 Apple 780%, Amazon 581%, Google 400%, S&P 5
• 1:19:54
  hundred 168% and gold 6.9%. Damn cold bugs in disbelief.
• 1:20:01
  Users. Bitcoin.
• 1:20:04
  Saving in Bitcoin, guys. It's the it's the only way.
• 1:20:07
  I know, I know we are biased. I know we're a Bitcoin show and
• 1:20:14
  you are probably thinking we're selling our, our our bags.
• 1:20:16
  We're talking our bags here. But most of us bitcoiners don't
• 1:20:20
  want to sell our Bitcoin. We just want to opt out of the
• 1:20:23
  Fiat system and we just so happen.
• 1:20:29
  To see our purchasing power increase while we do it.
• 1:20:31
  Anyways, guys, drop your meme review score in the chat while
• 1:20:33
  we cover ours live. Actually, I almost forgot to get
• 1:20:37
  my meme review score, but I have it right here.
• 1:20:41
  Pretty fitting. I have Jimmy Song's book Fiat
• 1:20:45
  Ruins Everything and How Bitcoin Fixes This.
• 1:20:48
  I haven't read it yet. I have a bunch of books here
• 1:20:50
  that I need to start reading again.
• 1:20:53
  Shout out the Jimmy song. Get yourself a copy.
• 1:20:56
  Anyways, Brett, what's your meme review score for today?
• 1:21:00
  One to 10, is that it? You can do a throwback score or
• 1:21:04
  whatever, a trinket, anything. Yeah, yeah, I have.
• 1:21:09
  I have a trinket here. I like the shadow one because I
• 1:21:11
  do think change comes from within.
• 1:21:15
  So change yourself. Change the world.
• 1:21:17
  I'd like to give this Philadelphia Flyers little Lego.
• 1:21:23
  Lego guy. I'm a hockey player, so he's
• 1:21:26
  orange and that's that. That goes to the winner from the
• 1:21:28
  shadow, Shadow Me. Let's go.
• 1:21:30
  OK, awesome. Awesome.
• 1:21:32
  I think that's our first hockey player Lego on the show.
• 1:21:35
  Love to see you. Love to see you.
• 1:21:37
  All right, So what is your meme review score for today?
• 1:21:40
  So I'm going to be a little romantic today.
• 1:21:43
  And since Nico isn't here, I'm going to give it this little
• 1:21:47
  thing that I've been staring at the whole entire day.
• 1:21:50
  That, or the time that I've been streaming.
• 1:21:52
  It's Nico with the little streak as an orange pill with his
• 1:21:57
  headphones on. These are adorable.
• 1:22:00
  I forgot who sells these. But shout out to them because
• 1:22:05
  these are beautiful. These are beautiful.
• 1:22:09
  I love them. I love them.
• 1:22:11
  Yeah, I don't even know what is it.
• 1:22:12
  Knit. Knitting.
• 1:22:15
  I don't know. Like crochet.
• 1:22:16
  Yeah, crochet. That's what it is.
• 1:22:17
  That's what it is. All right guys, drop your meme
• 1:22:19
  review score in the chat as we cover our lives.
• 1:22:21
  But of course, if you love what we're doing here, we'd
• 1:22:24
  appreciate all the support. Get us some merch over there.
• 1:22:28
  We have T-shirts, we have hoodies.
• 1:22:30
  I will get you the hats. We are in the talks with a
• 1:22:33
  Bitcoin artist to get you guys a special special shirt.
• 1:22:37
  We will get Sophie up here to make sure we get some female
• 1:22:41
  cuts for you girls. We're doing.
• 1:22:44
  Everything we can. I'm I'm even in talks to get you
• 1:22:46
  guys some coffee mugs. You guys see me drinking coffee
• 1:22:49
  every single morning. I know you guys be drinking
• 1:22:50
  coffee. But scan the QR code and get
• 1:22:53
  yourself some merch. We really appreciate all the
• 1:22:56
  support guys. All right, 1st meme is let me
• 1:22:59
  scroll up a little bit. OK 1st meme reviews Wait, can I
• 1:23:04
  read this? Yes I can.
• 1:23:09
  OK, Opti subscription to Wine's love tips score Mr. True Vote
• 1:23:14
  Please also add a globally open voting option for Should my wife
• 1:23:18
  who let me go full DJN and take out a second mortgage with
• 1:23:21
  leverage to spot buy more Bitcoin.
• 1:23:23
  Oh man, you're funny. OK, next one is Tyler.
• 1:23:29
  Darling swallowed the red pill. My dog score is his or my dog
• 1:23:34
  scores his chew toy. OK, next one.
• 1:23:37
  BTC is true score. Bitcoin is like water flowing
• 1:23:40
  around obstacles it encounters. Yes, this is the way.
• 1:23:43
  Next one is by Roman, AKA Stack. Sets show score one, fix the
• 1:23:49
  money, fix the world. Tennis sweatband.
• 1:23:52
  OK, OK, all right, let's see. I I guess they're still lagging.
• 1:23:57
  We have one meme score over here on Rumble.
• 1:24:01
  I know you guys get mad that I don't add your guys's meme
• 1:24:03
  score. Actually, we got two.
• 1:24:04
  We got two. UTXO my score is a patriotic
• 1:24:08
  saying about honor. Once you get honored, stay
• 1:24:12
  honored. OK, let's go Narwhal tacos.
• 1:24:14
  Meme. Score a pair of flannel lined
• 1:24:17
  jeans because of 12°F outside right now.
• 1:24:22
  Oof. Oof.
• 1:24:22
  OK. OK, all right.
• 1:24:24
  Well, it's not that we ran out of meme scores.
• 1:24:28
  It's that the buzzer hit. The buzzer hit.
• 1:24:33
  Actually, we got one more. One more.
• 1:24:34
  But before I go, OK, Captain Banana would love a coffee mug.
• 1:24:38
  OK, all right, all right. I'll, I'll, I'll get in touch.
• 1:24:41
  We'll we'll make it happen. Last meme scored by my Boy
• 1:24:44
  Planet Earth meme score. My Bitcoin is in cold storage,
• 1:24:46
  and it's never going anywhere else.
• 1:24:48
  Checkmate Fiat printers. Let's go.
• 1:24:50
  Hold on. I got to give you some.
• 1:24:53
  Some Uros for that one. Let's go.
• 1:24:55
  All right. Well, Sophie, thanks for showing
• 1:24:58
  up. We'll see you tomorrow.
• 1:25:00
  So I'm going to kick you off stage for today, but good, good
• 1:25:03
  job, good job. And Brett, really appreciate you
• 1:25:06
  coming on, great conversation, great takes for the audio
• 1:25:10
  listener. Where can people find you?
• 1:25:13
  And actually, do you need help here with Truveau or is it
• 1:25:17
  already done and set in motion? You can find me truvote.org,
• 1:25:23
  TRUEFVO or vote.org and Morrison Brett on Twitter.
• 1:25:30
  I pretty active on Twitter, mostly tweeting about Bitcoin
• 1:25:33
  Hockey and Truvote. Those 3 passions.
• 1:25:38
  Everything's on GitHub, so just like in the open source project,
• 1:25:41
  you can submit a pull request. It is runnable locally.
• 1:25:46
  I will be hiring some more people next year.
• 1:25:51
  For now, we're good, but yeah, yeah, please follow us on
• 1:25:56
  Twitter and also True Vote Twitter, True Vote org.
• 1:25:59
  And yeah, we'll be publishing updates a lot more frequently
• 1:26:02
  coming up, so stay tunes. Love it, Brett.
• 1:26:06
  We'll appreciate you coming on. And next time, next time you
• 1:26:10
  have a big announcement, maybe come back on and we can talk
• 1:26:12
  about this one more time. Yeah, we'd love to.
• 1:26:14
  We'd love to. Awesome.
• 1:26:16
  Awesome. All right, well, guys, that is
• 1:26:18
  the show. We appreciate you guys.
• 1:26:21
  We love you guys. Thank you for the support, like,
• 1:26:23
  share, subscribe, all that good stuff.
• 1:26:26
  But it's not just about simply Bitcoin.
• 1:26:28
  It's about spreading the Bitcoin signal outside of our echo
• 1:26:32
  chambers. Yes, we know we're right.
• 1:26:35
  And I think even the politicians and the bankers know we're
• 1:26:39
  right. But the average person still
• 1:26:42
  doesn't know that there is a solution to the problem of money
• 1:26:45
  printer. The solution to the fact that
• 1:26:48
  inflation is getting out of control, a solution to the
• 1:26:51
  debasement. And of course it is simply
• 1:26:53
  Bitcoin. So spread all the Bitcoin
• 1:26:55
  signal. Spreading shit coin signal is a
• 1:26:58
  disservice to your friends and your family.
• 1:27:02
  But we appreciate you guys. We'll be back tomorrow for
• 1:27:04
  another show. Until next time, guys, we are
• 1:27:06
  simply Bitcoin. Peace out.